Michael D. Lappin, Founding Member

Michael D. LappinPast CEO and President of The Community Preservation Corporation (CPC) and CPC Resources Inc.  (1980 – 2011)

Led CPC to become a national leader in. the development and financing of affordable housing. During his tenure at CPC, over 140,000 affordable homes were financed and developed representing investments of almost $8 billion. CPC sourced new funds for affordable housing, most notably pioneering a major investment program  with the New York City and New York State public employee pension funds. CPC was a important advocate for many legislative initiatives at the Federal, State and City. Mr. Lappin has served on the advisory board of Fannie Mae, was the first president of the Federal Home Loan Bank of New York Advisory Committee for its Affordable Housing Program, and a founder and first president of the National Association of Affordable Housing Lenders. He has written and lectured on housing and community development.

CPCR’s development activities included the restoration of the 12,271-unit Parkchester housing complex in the Bronx; the entitlement of 2.8 million square feet for the 11 acre Domino site on Brooklyn’s waterfront for the development of a mixed- income, mixed-use community; and, the development of over 100 buildings, including 70 in-fill buildings, for low, moderate and middle income housing in New York City.